On October 1-7, 2021, the average spot price of standard grade in the seven major domestic markets in the United States was 105 cents/pound, an increase of 7.78 cents/pound from the previous week, and an increase of 43.87 cents/pound from the same period last year. That week, 9,616 packages were transacted in the seven major domestic spot markets in the United States, and a total of 55,504 packages were transacted in 2021/22.
The spot price of upland cotton in the United States has increased, the spot price in Texas has been stable, and foreign inquiries have been light. China, South Korea and Turkey have the best demand; foreign inquiries in the western desert area are still light. Yes, prompt shipment demand is the best, and western port shipments and logistics have an impact on cotton exports; foreign inquiries in the Saint-Joint region are light, and port shipments are blocked and demand is concentrated, which brings trouble to cotton exports; Pima cotton prices are stable, and foreign demand Good, immediate demand is the best. Logistics problems at western ports are still serious and have affected the supply chain.
That week, domestic textile mills in the United States purchased grade 4 cotton for shipment from the fourth quarter of this year to the fourth quarter of next year. The demand for yarn is good, and the spinning mills are operating at full capacity. Although the labor force is insufficient, However, some areas have eased, and current production is still dominated by front-line personal protective equipment and general consumption. The demand for US cotton exports is very good. Japan has inquiries for grade 3 green card cotton shipped in November, China has made inquiries for grade 4 cotton shipped from November to December, and India has made inquiries for grade 3 cotton shipped in March 2022. .
There are moderate to heavy rains in the southern part of the southeastern region of the United States. Rotten bolls, yield and quality decline are causing concern, and excessive soil moisture affects harvest; there are light to moderate rains in the northern part of the southeastern region, and fields Operations are delayed, and new cotton defoliation and harvesting are in progress; thunderstorms are frequent in the northern part of the delta region, and the new cotton harvest is delayed. The new cotton top peach yield is high, and the yield is expected to be better than normal; light rains are frequent in the southern part of the delta region, and the wet and cold weather affects the new cotton harvest.
There are moderate to heavy rains in the northern coastal areas of southern Texas. Currently, 40% of defoliation is completed but harvesting has not started. The processing in the Rio Grande River Basin is coming to an end. The harvest in the central and eastern parts of the state is gradually reaching its climax. About 75% of the crops in Kansas have been opened and defoliated. It will take 2-3 weeks for large-scale harvesting. In Oklahoma, the defoliated and defoliated crops are also in progress, and harvesting and processing have begun. The weather in western Texas is mild, which will be beneficial to increase yields in the near future. Defoliation and harvesting have begun, and the quality of new cotton at the Lubbock Inspection Institute is ideal.
There are scattered heavy rainfalls and hail in the western desert area, which affects defoliation. Processing is expected to start in the third week of October. Recent rainfall in the St. John’s region may help alleviate air quality problems in the valley caused by wildfires. The new cotton has defoliated and the initial harvest has begun. The temperature in the Pima cotton area has dropped, new cotton has entered the topping stage, and defoliation work has reached its peak in some areas, with a small amount of harvesting and processing. </p
